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We introduce externalities into a two-sided, one-to-one assignment game by letting the values generated by pairs depend … that a stable outcome in an assignment game with externalities always exists if and only if all pairs are pessimistic …
Persistent link: https://www.econbiz.de/10010734770
We develop a model of assignment games with pairwise-identity-dependent externalities. A concept of conjectural …
Persistent link: https://www.econbiz.de/10010735014
Persistent link: https://www.econbiz.de/10010797762
When there are three parties, it is well known that the Coase Theorem may not hold even when there are no transaction costs, due to the emptiness of the core of the corresponding cooperative game [Aivazian and Callen (1981)]. We show that the standard Coasean bargaining game involving three...
Persistent link: https://www.econbiz.de/10011107924
the efficient coalition structure is stable in terms of the coalition formation theory. It is assumed that coalitions can … coalitions) and a coalition may deviate if and only if it stands to gain from it. It is then shown that subsequent to a deviation … by a coalition, the nonmembers will have incentives to break apart into singletons, as is assumed in the definition of …
Persistent link: https://www.econbiz.de/10011325128
This paper studies coalition formation and payoff division in apex games under the following assumptions: first, payoff … division can only be agreed upon after the coalition has formed (two-stage bargaining); second, negotiations in the coalition … can break down, in which case a new coalition may be formed (reversible coalitions).In contrast with the results of other …
Persistent link: https://www.econbiz.de/10011092140
We adopt the largest consistent set defined by Chwe [J. of Econ. Theory 63 (1994), 299-235] to predict which coalition …, based on the assumption that players are cautious. For games with positive spillovers, many coalition structures may belong … to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the …
Persistent link: https://www.econbiz.de/10011325075
show the equivalence between the set of pairwise stable matchings and the set of matchings generated by coalition …
Persistent link: https://www.econbiz.de/10011325144
For two-person complete-information strategic games with transferable utility, all major variable-threat bargaining and arbitration solutions coincide. This conuence of solutions by luminaries such as Nash, Harsanyi, Rai¤a, and Selten, is more than mere coincidence. Staying in the class of...
Persistent link: https://www.econbiz.de/10010592134
For two-person complete-information strategic games with transferable utility, all major variable-threat bargaining and arbitration solutions coincide. This confluence of solutions by luminaries such as Nash, Harsanyi, Raiffa, and Selten, is more than mere coincidence. Staying in the class of...
Persistent link: https://www.econbiz.de/10008804919